Do Analysts Think Castellum Inc (CTM) Is Still Worth Buying In 2024?

Castellum Inc (AMEX:CTM) does about 2.40M shares in volume on a normal day but saw 11517460 shares change hands in the recent trading day. The company now has a market cap of 24.07M USD. Its current market price is $0.43, marking a decrease of -28.46% compared to the previous close of $0.60. The 52 week high reached by this stock is $0.60 whilst the lowest price level in 52 weeks is $0.12.

Castellum Inc (CTM) has a 20-day trading average at $0.2988 and the current price is -28.46% off the 52-week high compared with 252.71% distance from its 52-week low. The 50-day simple moving average of the closing price is $0.2185 and its 200-day simple moving average is $0.2109. If we look at the stock’s price movements over the week, volatility stands at 25.06%, which decreases to 23.15% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 61.06 to suggest the stock is neutral.

The consensus objective for the share price is $1.15, suggesting that the stock has a potential upside of 62.61% over the period.

The current price level is 43.55%, 96.27%, and 103.41% away from its SMA20, SMA50, and SMA200 respectively, with the CTM price moving below the 50-day SMA on current market day. Castellum Inc (CTM) stock is up 47.90% over the week and 167.39% over the past month. Its price is 43.93% year-to-date and 94.95% over the past year.

The company’s next earnings report forecasts estimating quarterly EPS at 0 and 0 for whole year.

To reach the target analysts have set, the stock logically needs to grow 62.61 percent from here.

Outstanding shares total 56.11M with insiders holding 48.08% of the shares and institutional holders owning 2.69% of the company’s common stock. The company has a return on investment of -47.05% and return on equity of -73.06%. The beta has a value of -1.29. Price to book ratio is 2.00 and price to sales ratio is 0.53.